Hsbc Holdings PLC Increases Stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR)

Hsbc Holdings PLC increased its stake in Victory Capital Holdings, Inc. (NASDAQ:VCTR - Free Report) by 217.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,353 shares of the company's stock after buying an additional 10,514 shares during the period. Hsbc Holdings PLC's holdings in Victory Capital were worth $1,010,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Victory Capital by 113.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,980,019 shares of the company's stock worth $115,990,000 after acquiring an additional 1,051,459 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Victory Capital during the fourth quarter valued at $17,755,000. TimesSquare Capital Management LLC lifted its position in Victory Capital by 20.5% during the fourth quarter. TimesSquare Capital Management LLC now owns 976,161 shares of the company's stock valued at $63,899,000 after buying an additional 166,265 shares during the period. Bahl & Gaynor Inc. grew its position in shares of Victory Capital by 10.9% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,557,425 shares of the company's stock worth $101,949,000 after buying an additional 153,459 shares during the period. Finally, Annex Advisory Services LLC lifted its position in Victory Capital by 599.7% during the 4th quarter. Annex Advisory Services LLC now owns 173,562 shares of the company's stock valued at $11,361,000 after acquiring an additional 148,756 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VCTR has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Victory Capital from $69.00 to $62.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. UBS Group dropped their target price on Victory Capital from $71.00 to $68.00 and set a "neutral" rating on the stock in a report on Thursday. Bank of America reduced their price target on Victory Capital from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. BMO Capital Markets upped their price target on shares of Victory Capital from $73.00 to $82.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Barclays reduced their price objective on shares of Victory Capital from $75.00 to $59.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $69.33.

Victory Capital Stock Performance

Shares of NASDAQ VCTR opened at $59.59 on Friday. The firm's 50-day moving average price is $57.90 and its 200-day moving average price is $62.70. Victory Capital Holdings, Inc. has a 52-week low of $43.82 and a 52-week high of $73.42. The company has a market cap of $3.79 billion, a PE ratio of 13.64, a PEG ratio of 0.55 and a beta of 1.05. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.84.

Victory Capital (NASDAQ:VCTR - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.07. Victory Capital had a net margin of 32.33% and a return on equity of 31.08%. As a group, analysts anticipate that Victory Capital Holdings, Inc. will post 6.16 EPS for the current year.

Victory Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Tuesday, February 18th were issued a $0.47 dividend. This is an increase from Victory Capital's previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a yield of 3.15%. Victory Capital's dividend payout ratio is currently 43.02%.

Victory Capital Profile

Victory Capital Holdings, Inc, together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers investment advisory, fund administration, fund compliance, fund transfer agent, fund distribution, and other management services. The company provides specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.

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